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Buy Minus

An order to buy minus- that is, it shall be executed only on a "minus" or "zero-minus" tick. This involves...

AP Algorithm

It stands for arrival price algorithm; a trading algo (trading algorithm) that is designed to minimize trading costs while achieving...

AP Algo

It stands for arrival price algorithm; a trading algo (trading algorithm) that is designed to minimize trading costs while achieving...

Arrival Price Algo

A trading algo (trading algorithm) that is designed to minimize trading costs while achieving the bid/ask midpoint price at the...

Arrival Price Algorithm

A trading algorithm that is designed to minimize trading costs while achieving the bid/ask midpoint price at the time the...

Open Outcry System

An old-fashioned trading system that involves verbal bids and offers, where member traders gather on the trading floor of an...

Order-Driven Market

A market in which orders placed by all traders are accumulated and crossed based on the rules of order precedence. These rules determine...

Tick Sensitive Order

An order to buy a security on a downtick or sell it on an uptick. It is a conditional order:...

Zero Minus Tick

A transaction/ trade that takes place at the same price level of a previous transaction/ trade, but in situation where...

Zero Plus Tick

A transaction/ trade that takes place at the same price level of a previous transaction/ trade, but where the trade...